BNET Industries

Market Cap:$140.1M
Last Fiscal Year Sales:$109.1M
  • Public
  • US
Dow Jones Description

Onshore Natural Gas & Oil Reserves

President and Chief Operating OfficerKenneth A. Gobble
Number of Employees 65
Contact Information

1114 Ave of the Americas

New York, New York 10017

www.warrenresou...

(212) 697-9660

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Canaccord Adams Upgrades Warren Resources WRES to Hold; Reduction in Financing Risk

    5/07/09 - Bond / Stock Rating - View Story

  • Warren Resources slips to loss in Q1 - Quick Facts

    5/06/09 - Financial Announcement - View Story

  • TSC Ratings' Updates: Macy's

    4/03/09 - Bond / Stock Rating - View Story

  • Warren Resources Announces Fourth Quarter and Year-End 2008 Results

    3/02/09 - Financial Announcement - View Story

News & Analysis

warren resources inc. - All News and Analysis

Additional Resources

Decision Makers

Name (plus bio) Position
Kenneth A. Gobble President and Chief Operating Officer
Timothy A. Larkin Senior Vice President and Chief Financial Officer
Bruce Berwager Senior Vice President of Warren E&P
David Fleming General Counsel, Secretary & Senior Vice President
Ellis G. Vickers Senior Vice President, Regulatory Affairs
Stewart Skelly Controller & Vice President
James A. Thompson Independent Director
Marshall Miller Independent Director
Victor E. Millar Independent Director
Michael R Leyden Director

Board of Directors

Name (plus bio) Position
Chet Borgida Chair
Anthony L. Coelho Board of Directors
Dominick D'Alleva Board of Directors
Dominick D. Alleva Board of Directors
Espy Price Board of Directors
James McConnell Board of Directors
Leonard A. DeCecchis Board of Directors
Lloyd Davies Board of Directors
Michael R. Quinlan Board of Directors
Paul Price Espy Board of Directors
Ronald McDonald House Board of Directors
Thomas E. Noonan Board of Directors
Thomas G. Noonan Board of Directors

Kenneth A. Gobble - Mr. Gobble is President and Chief Operating Officer of our principal operating subsidiary, Warren E&P. From 2002 through March 2004 he was Senior Vice President - Exploration and Production. From 1996 through 2002, he was Vice President of Engineering for Warren E&P. Prior to 1996, Mr. Gobble had extensive experience with major service companies including Schlumberger Well Services. Additionally, Mr. Gobble has extensive experience in numerous advanced applications for natural gas and oil drilling operations including logging-while-drilling, wire-line, gamma ray, 3-D seismic, horizontal drilling and coalbed methane development. Mr. Gobble received his Bachelor of Science degree in Petroleum Engineering and a Bachelor of Science degree in Mathematics from New Mexico Institute of Mining and Technology in 1986.

Organization Position Status
Warren Resources, Inc. President and Chief Operating Officer Current
Warren Resources, Inc. Senior Vice President Current
New Mexico Institute of Mining and Technology Bachelor of Science degree in Mathematics Former

Timothy A. Larkin - Mr. Larkin is our Executive Vice President and Chief Financial Officer of the Company. From January 1995 to March 2004, he served as our Senior Vice President and Chief Financial Officer. From 1991 to 1994, he served as Accounting Manager of Palmeri Fund Administrators, Inc., an administrative services company providing accounting, administrative and accounting investment support to over 50,000 limited partners in investment funds primarily sponsored by Merrill Lynch and Oppenheimer & Co. Inc. From 1985 to 1991, he was employed in the audit department of Deloitte & Touche, LLP, an international public accounting firm, attaining the level of audit manager. Mr. Larkin received his Bachelor of Science in Accounting from Villanova University in 1985.

Organization Position Status
Warren Resources, Inc. Senior Vice President and Chief Financial Officer Current
Warren Resources, Inc. CFO & Executive Vice President Current
Oppenheimer & Co. Inc. Accounting Manager Former
Villanova University Bachelor of Science Degree In Accounting Former
Organization Position Status
Warren Resources, Inc. Senior Vice President of Warren E&P Current

David E. Fleming - Mr. Fleming joined Warren in July 2001 as a Senior Vice President and General Counsel. He also became our Corporate Secretary in September 2002. From January 1999 to June 2001, he was a partner with the law firm of Cummings & Lockwood, where he practiced corporate and securities law. For the five years prior thereto, he practiced corporate and securities law at Epstein, Becker & Green, P.C., New York, New York, where he was a member of the firm. Mr. Fleming received a Bachelor of Arts degree from Cornell University in 1976 and a Juris Doctor, cum laude, from the University of Maryland School of Law in 1980. He is admitted to practice law in the states of New York, Connecticut and Maryland. Mr. Fleming is a member of the American Bar Association, the American Corporate Counsel Association and the Federal Energy Bar Association.

Organization Position Status
Warren Resources, Inc. General Counsel, Secretary & Senior Vice President Current
Cummings & Lockwood Partner Former
University of Maryland School of Law Juris Doctor Former
Cornell University Bachelor of Arts degree Former
Organization Position Status
Warren Resources, Inc. Senior Vice President, Regulatory Affairs Current
The University of New Mexico Juris Doctor Former
Eastern New Mexico University Bachelor of Science degree in Political Science Former
The University of New Mexico Bachelor of Science Degree In Political Science Former

Stewart P. Skelly - Mr. Skelly has served as our Assistant Controller since 2000 and Corporate Controller since 2002. On March 17, 2004, Mr. Skelly was appointed a Vice President of Warren Resources. From 1997 to 2000, Mr. Skelly was employed by News Corp., a global media conglomerate, attaining the level of Accounting Manager. From 1992 to 1997, Mr. Skelly was employed by Kearney McArdle, a midsize public accounting firm in Ireland, attaining the level of audit senior. Mr. Skelly is a graduate of Griffith College Dublin and is a Chartered Certified Accountant.

Organization Position Status
Warren Resources, Inc. Controller & Vice President Current
News Corporation Former
Organization Position Status
Warren Resources, Inc. Independent Director Current
Organization Position Status
Warren Resources, Inc. Independent Director Current
Warren Resources, Inc. Board of Directors Former
Organization Position Status
Warren Resources, Inc. Independent Director Current

Chet Borgida - Chet Borgida was elected to the Board of Directors in November 2003. He serves as a member of Warren's audit committee, which he chairs. Mr. Borgida has more than 30 years of domestic and international management experience in auditing and advising retail, distribution and media businesses. He was a partner at Grant Thornton LLP, Warren's independent auditors, from 1977 to 2001. While at Grant Thornton LLP Mr. Borgida had no involvement in the review or preparation of Warren's audited financial statements. From 2001 to 2003, Mr. Borgida was the Senior Vice-President and Chief Financial Officer of Cross Media Marketing Corporation. Recently, he has been serving as the Chief Operating Officer of the Naples Realty Group, Inc. Mr. Borgida is also a director and member of the audit committees of Brand Partners Group, Inc., and Correctional Services Corporation, both Nasdaq listed companies. He was graduated from Hunter College with a Bachelor Degree in Business Science in 1967. He is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

Organization Position Status
Warren Resources, Inc. Chair Current
Warren Resources, Inc. Board of Directors Current
MTS Medication Technologies Board of Directors Current
Grant Thornton LLP partner Former
Hunter College of the City University of New York Bachelor Degree in Business Science Former
BrandPartners Group member Former
Organization Position Status
Election Services Corporation Director, ESC Current
Avenet LLC Current
Amphioxus Cell Technologies, Inc. Director Current
Election Services Corporation Board of Directors Current
Ceptor Corp Board of Directors Current
Sci Management Corp. Board of Directors Current
Service Corporation International Board of Directors Current
Warren Resources, Inc. Board of Directors Current
Cyberonics, Inc. Board of Directors Current
Environmental Tectonics Corp. Chief Executive Officer Former
Environmental Tectonics Corp. Chairman Former
Epilepsy Foundation Chair Former
Loyola Marymount University Bachelor of Arts degree in Political Science Former
US House of Representatives Member Former
Organization Position Status
Warren Resources, Inc. Board of Directors Current
Yale University Juris Doctor Degree Former
Fordham University Bachelor of Arts Degree Former

Mr. D'Alleva has been a director since June 1992 and was our Corporate Secretary from June 1992 until September 2002. He currently serves as a member of the audit and corporate governance committees. Additionally, from 1995 to the present, he has been a principal with DND Realty, LLC, a privately owned New York limited liability company involved in the acquisition and financing of real estate. From 1986 to 1995, he was engaged in residential New York City real estate for his own account and as general counsel to various real estate acquisition firms, where he negotiated contracts for the acquisition and financing of commercial real estate. From 1983 to 1985, he served as Executive Vice President, Director and General Counsel of Swanton Corporation, which engaged in energy, retail and financial services businesses. From 1980 to 1983 he was Associate Counsel of Damson Oil Corporation. From 1977 to 1980 he was an associate with Simpson, Thatcher & Bartlett specializing in securities and corporate law. Mr. D'Alleva received a Bachelor of Arts degree summa cum laude from Fordham University in 1974 and earned his Juris Doctor degree with honors from Yale University in 1977.

Organization Position Status
Warren Resources, Inc. Board of Directors Current
Yale University Juris Doctor degree with honors Former
Fordham University Bachelor of Arts degree summa cum laude Former

Mr. Price become a director of the Company in May 2007. Mr. Price retired in late 1999 as Vice President and General Manager of Chevron's Mid-Continent Business Unit, where he was responsible for all onshore USA exploration and production. From 1992 to 1996, he was Vice President of Chevron Overseas Petroleum, Inc., where he was responsible for Chevron's joint venture in the Republic of Kazakhstan. From 1990 to 1992, he was Vice President of Chevron's Gulf of Mexico Business Unit. From 1985 to 1990, he was employed at P.T. Caltex Pacific Indonesia, where he was Executive Vice President and Managing Director. From 1965 to 1985, he held various petroleum engineering positions with Chevron. Mr. Price earned a Bachelor of Science in Petroleum Engineering in 1963 and a Master of Science in Petroleum Engineering in 1969 from the University of Southwestern Louisiana.

Organization Position Status
Warren Resources, Inc. Board of Directors Current

Mr. McConnell became a director of the Company in May 2007 and serves as a member of the audit committee. He retired in 2002 from Instron Corporation, where he was President and CEO from 1990 to 2002. Instron Corporation is a leading supplier of instruments and systems for characterization of the mechanical properties of materials and systems. From 1986 to 1990, Mr. McConnell was the President and CEO of Emerson Electric-Automatic Switch Division, and from 1985 to 1986 he was President and COO of Rosemount Division of Emerson Electric and Group VP of Emerson Electric. Mr. McConnell currently serves on the Board of Directors of ESCO Technology, a NYSE listed company. He earned a Bachelor of Arts degree from the University of Texas at Austin in Mathematics and Physics in 1963.

Organization Position Status
Warren Resources, Inc. Board of Directors Current
The University of Texas at Austin Bachelor of Arts Degree Former

Mr. Leonard A. DeCecchis was Executive Vice President and Chief Financial Officer of Prestone Products Corporation and a member of its board of directors until he retired from Prestone Products Corporation in June 1999. He has been an investor in real estate and numerous business ventures since that time. In 1994, Mr. DeCecchis participated in a management buyout of Prestone antifreeze and other car care products from First Brands Corporation, a NYSE company. The new Prestone management team was successful in growing sales and doubling operating income within three years. In 1997, the company was sold to Allied Signal Corporation yielding a substantial return on investment to the management investors. From 1986 to 1994, Mr. DeCecchis was Vice President and Treasurer of First Brands Corporation, which had also been a management buyout of the automotive and home products divisions of Union Carbide Corporation. Mr. DeCecchis joined Union Carbide in 1974 and held numerous positions in auditing, treasury and financial reporting. In 1971, Mr. DeCecchis began his career at Peat Marwick Mitchell & Co. Mr. DeCecchis received a Bachelor's degree from Pace University in 1971 and a Master of Business Administration from Fordham University in 1979. He previously was a Certified Public Accountant in New York.

Organization Position Status
Warren Resources, Inc. Board of Directors Current
Prestone Products Corp. Chief Financial Officer Former
Prestone Products Corp. Executive Vice President Former
Peat, Marwick, Mitchell & Co. Former
Union Carbide Corporation Former
Fordham University Master of Business Administration Former
Pace University Bachelor's degree Former
Prestone Products Corp. member Former

Mr. Davies joined Warren’s Board of Directors in July 2001 and has served on the audit committee and compensation committee of the Board. From 1992 through 1994, Mr. Davies was the Assistant Division Manager for the Western U.S. operations for Texaco. Prior to that for 30 years, Mr. Davies was a Texaco senior engineer and served in various capacities including the Manager and Director of Operations for Texaco’s Far East Operations Division. During those years, he also served on several of Texaco’s subsidiaries’ board of directors in the Far East. Mr. Davies received a Bachelor of Science Degree in Petroleum Engineering from the University of Oklahoma in 1958. In 1966, he received a Master of Science Degree in Petroleum Engineering with a Minor in Math from the University of Texas.

Organization Position Status
Warren Resources, Inc. Board of Directors Current
Warren Resources, Inc. Executive Vice President Former
The University of Texas Master of Science degree in Petroleum Engineering Former
The University of Oklahoma Bachelor of Science degree in Petroleum Engineering Former

Michael R. Leyden, member, Board of Directors, Loyola University Health System (LUHS) and Loyola University Medical Center (LUMC). Mr. Leyden brings to LUHS/LUMC more than 32 years of management experience as corporate senior president and assistant to the chairman of First Chicago Corp. and the First National Bank of Chicago. A graduate of the University of Notre Dame, Mr. Leyden holds a juris doctorate from Loyola University Chicago School of Law. In 1993, he received the Francis J. Rooney and St. Thomas Moore Award, a prestigious annual award granted to Loyola University Chicago School of Law alumni who demonstrate outstanding contributions to area communities. Mr. Leyden is a lifetime Loyola President Club member and is director of the Big Shoulders Fund. He has served as trustee of the Auditorium Theater Council and as president of the United Way of Suburban Chicago. He held the position of general chair of the Business Mobilized for Loyola University's Campaign project in 1987 and was project director for the Archdiocese of Chicago's long-range financial study. He also has served as a member of the Board of Trustees at Loyola University Chicago. Mr. Leyden joined the LUHS/LUMC board in 1996.

Organization Position Status
Big Shoulders Fund Director Current
Luhs Member, Board of Directors Current
Warren Resources, Inc. Director Current
Loyola University Chicago School of Law Juris Doctorate Former

Michael R. Quinlan has served as a director of D&B since 1989, and is chairman of the Compensation & Benefits Committee and a member of the Board Affairs Committee. Mr. Quinlan is also the presiding director for the regularly scheduled executive sessions of non-management directors. Mr. Quinlan served as a director of McDonald’s Corporation, a global food service retailer, from 1979 until his retirement in 2002. He was the chairman of the board of directors of McDonald’s from March 1990 to May 1999 and chief executive officer from March 1987 through July 1998. Mr. Quinlan is also a director of the following public company: Warren Resources, Inc.

Organization Position Status
The Dun & Bradstreet Corporation Board of Directors Current
Warren Resources, Inc. Board of Directors Current
McDonald's Corporation Chief Executive Officer Former
Loyola University Chicago BS Former
McDonald's Corporation Chairman Former
McDonald & Company Board of Directors Former
McDonald's Corporation Board of Directors Former
Organization Position Status
Warren Resources, Inc. Board of Directors Current
Organization Position Status
Warren Resources, Inc. Board of Directors Current
Organization Position Status
Warren Resources, Inc. Board of Directors Current
Fordham University Bachelor of Science degree Former

Mr. Noonan joined the Board as a director in November 1997. For the prior 17 years, he had served as Manager of Quality Assurance for Mars Inc., an international food and candy company. From 1961 to 1979, he was a microbiologist for the Environmental Department of the State of New York. Mr. Noonan received a Bachelor of Science degree from Fordham University in New York in 1959. He is the brother-in-law of Mr. Swanton.

Organization Position Status
Warren Resources, Inc. Board of Directors Current
Fordham University Bachelor of Science Degree Former
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     WRES $2.34 -0.25 (-9.65% )
Average Volume 616,259
Shares Outstanding 58.88M
Market Cap 137.8M
Year High 14.45
Year Low 0.4
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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